This course is about the managerial use of accounting data to plan and control personnel and operations in the firm. The focus is on planning, decision-making and control by organizations, and on the accounting systems that managers have to assist them in their decisions about resource allocation and performance evaluation. Major topics included are product costing, costing approaches used in today’s business environments, relevant costs for decision analysis, variance analysis, divisional performance evaluation and transfer pricing.

CILO-1: Identify internal management issues. CILO-2: Solve the identified internal management issues using accounting knowledge and theories. CILO-3: Identify managerial accounting theories for successful businesses. CILO-4: Organize cost information according to the decision-making needs of the organization. CILO-5: Interpret activity-based costing (ABC) for decision making decisions.